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6
Agricultural Sciences is focused on delivering results through technology leadership. Major brands and technologies, by key
product line, are listed below:
Key Product
Lines Brands and Technologies
Insecticides ISOCLAST™; LORSBAN™; RADIANT™; SENTRICON™; TELONE™; TRACER™
Fungicides DITHANE™
Herbicides BROADWAY™; CLINCHER™; DURANGO™; FENCER™; GARLON™; LONTREL™;
MILESTONE™; PANZER™; PRIMUS™; SPIDER™; STARANE™; SURESTART™; TORDON™
Seeds AGROMEN™(1); BRODBECK™; DAIRYLAND SEED™; Grand Valley Hybrids; HYLAND™;
MYCOGEN™; NEXERA™; Omega-9 Healthier Oils; PFISTER™; PHYTOGEN™;
POWERCORE™ Insect Trait Technology(2); PRAIRIE BRAND SEEDS™; REFUGE ADVANCED®
powered by SmartStax®(2); SmartStax® Insect Trait Technology(2); TRIUMPH™
Other HARVISTA™ Technology; N-SERVE™ Nitrogen Stabilizer; RIPELOCK™ Quality Systems
(1) AGROMEN trademark used under license from Agromen Sementes Agricolas Ltda.
(2) Smartstax® and POWERCORE™ multi-event technology developed by Dow AgroSciences LLC and Monsanto. Smartstax®, the
Smartstax® logo, POWERCORE™ and the POWERCORE™ logo are trademarks of Monsanto Technology, LLC.
U.S. federal regulatory approvals have been obtained for the commercialization of ENLIST™ Corn and Soybeans including the
U.S. Environmental Protection Agency's registration of ENLIST DUO™, the companion herbicide for use with ENLIST™
Corn and Soybeans, in six key states. Regulatory approvals in certain other countries are still pending.
Patents, Trademarks and Licenses
Agricultural Sciences has significant technology-driven growth, led by plant biotechnology traits and crop protection products
that utilize proprietary formulations. As a result, the Company uses patents, trademarks, licenses and registrations to protect its
investment in germplasm, traits and proprietary chemistries and formulations. The Company also licenses plant biotechnology
traits from third parties and engages in research collaborations with global industry, academia and governments. The Company
does not regard the Agricultural Sciences segment as being materially dependent on any single or group of related patents,
trademarks, licenses or registrations.
Competition
Agricultural Sciences competes with producers of crop protection chemicals and agricultural biotechnology in the United States
and abroad. The Company competes on the basis of technology and trait leadership, price, quality and cost competitiveness.
Key competitors include BASF, Bayer, E. I. DuPont de Nemours, Monsanto and Syngenta, as well as generic and regional seed
companies.
Distribution
Agricultural Sciences has a diverse worldwide network which markets and distributes the Company's brands to customers
globally. This network consists of the Company's sales and marketing organization partnering with distributors, independent
retailers and growers, cooperatives and agents throughout the world.
Seasonality
Agricultural Sciences sales and EBITDA are strongest in the first half of the year, aligning with the planting and growing
season in the northern hemisphere, where approximately 60 percent of the segment's annual sales are generated. Inventory tends
to be at peak levels in the first quarter, in advance of the northern hemisphere planting and growing season. Accounts receivable
tends to be highest at the end of the second quarter, consistent with the peak sales period in the northern hemisphere.
CONSUMER SOLUTIONS
The Consumer Solutions segment consists of three global businesses: Consumer Care, Dow Automotive Systems and Dow
Electronic Materials. These global businesses develop and market customized materials using advanced technology and unique
chemistries for specialty applications - including semiconductors and organic light-emitting diodes, adhesives and foams used
by the transportation industry, and cellulosics for innovative pharmaceutical formulations and food solutions. These businesses
serve the needs of market segments as diverse as: automotive; electronics and entertainment; healthcare and medical; and,
personal and home care goods. The segment's commitment to continuous innovation and rapid new product development
enables it to maximize opportunities in emerging geographies and high-growth industries.